AWS Revenue Grows 28% in First Quarter
Amazon also reported free cash flow fell to $1.2 billion for the twelve months ending at the end of March
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Microsoft Cloud Revenue Accelerates and Office 365 Copilot Sales Rise 33%
Total AI revenue—including sales of Azure servers to OpenAI and other firms, and sales of its own Copilot AI software—exceeded $9.25 billion in the quarter.
Meta Raises 2026 Capex Forecast to as Much as $145 billion
The company cites higher component costs for increased spending while reporting better-than-expected financial results.
Alphabet Revenue Soars 22%, With Strong Growth in Cloud, Search
Alphabet beat analyst expectations as AI drove sales increases across its cloud and search businesses.
Meta Fails to Block Users Under 13 as Required, EU Says
European regulator says the company failed to enforce age limits on Instagram and Facebook, potentially breaching the Digital Services Act.
PayPal Reorganizes to Make Venmo Standalone Unit
The payments and fintech firm has reportedly attracted takeover interest over the past few months.
Starlink Mobile Seeing ‘A Lot Less Usage’ Than Expected, T-Mobile CEO Says
He also said that most Starlink Mobile usage is in national parks.
OpenAI Plots Big Expansion of Cheaper ChatGPT
The company is following a Netflix playbook, anticipating a drop in subscribers to its higher tier service will be made up for by ads.
Meta Launches Stablecoin Payouts for Creators Using Stripe
Meta adds stablecoins as a payment method, and it has no plan to launch its own token.
Blackstone Forms New AI-focused Unit, Growth Chief Korngold Departs
Blackstone has invested heavily into AI and digital infrastructure companies.
Musk Makes His OpenAI Case in Court
Tech tycoon answered friendly questions Tuesday; cross examination still to come
Robinhood Shares Fall After Crypto Revenue Tanked 47%
Surging prediction market bets lifted its trading revenue in the first quarter.
Spotify Stock Falls 13% As Premium Subscriber Growth Slows
Spotify recently raised prices, and there are signs that could be affecting subscriber growth.
OpenAI Models, Codex Now Available in AWS Bedrock
Microsoft’s new OpenAI agreement opens the door for AWS to sell models.
Musk, Altman, Brockman Agree to Stay Off Social Media During Trial
“Perhaps you’ve never done that before,” said the judge.
Meta Prepares for Possible Unwinding of $2 Billion Manus Acquisition
The U.S. tech giant faces a complicated effort to undo the acquisition after China’s regulators ordered the deal to be revoked.
OpenAI Recently Missed an Internal Revenue Target
ChatGPT growth did not meet the company's expectations in recent months.
Court Selects Jury for Musk-Altman Trial
Some of the jurors have negative feelings about Musk.
Microsoft’s GitHub Changes AI Prices Again in Shift to Consumption-Based Fees
The move resembles an industry shift from seat-based or subscription pricing for AI tools to so-called consumption-based models.
600 Google Employees Ask Sundar Pichai to Reject Pentagon Classified AI Deal
More than 600 Google employees signed a letter asking Google to reject a proposed deal with the Department of Defense to use Google’s AI on classified work.
Weekday mornings
The Information AM by The Information Staff
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